CNO Financial Group Company Profile (NYSE:CNO)

CNO Financial Group, Inc. is a holding company for a group of insurance companies operating throughout the United States that develops, markets and administers health insurance, annuity, individual life insurance and other insurance products. The Company's segments include Bankers Life, Washington National and Colonial Penn. It sells health insurance, annuity, individual life insurance and other insurance products through three primary distribution channels: career agents, independent producers and direct marketing. The Company offers products in various categories, including health, annuities and life insurance. The health products include Medicare supplement, long-term care, prescription drug plan and Medicare advantage, supplemental health products and other health products. The annuities products include fixed index annuities and other fixed interest annuities. The life insurance products include interest-sensitive life products and traditional life products.

What is CNO Financial Group's stock symbol?

CNO Financial Group trades on the New York Stock Exchange (NYSE) under the ticker symbol "CNO."

How often does CNO Financial Group pay dividends? What is the dividend yield for CNO Financial Group?

CNO Financial Group announced a quarterly dividend on Thursday, August 10th. Investors of record on Monday, September 11th will be given a dividend of $0.09 per share on Monday, September 25th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.60%. The ex-dividend date of this dividend is Friday, September 8th. View CNO Financial Group's Dividend History.

How will CNO Financial Group's stock buyback program work?

CNO Financial Group announced that its board has approved a stock buyback program on Sunday, June 4th 2017, which permits the company to repurchase $300,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to repurchase up to 8.3% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company's board believes its shares are undervalued.

How were CNO Financial Group's earnings last quarter?

CNO Financial Group, Inc. (NYSE:CNO) released its quarterly earnings results on Wednesday, April, 26th. The company reported $0.34 EPS for the quarter, topping analysts' consensus estimates of $0.31 by $0.03. The company had revenue of $1.07 billion for the quarter, compared to analysts' expectations of $1.01 billion. CNO Financial Group had a return on equity of 5.74% and a net margin of 9.61%. The firm's revenue was up 11.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.26 earnings per share. View CNO Financial Group's Earnings History.

What are analysts saying about CNO Financial Group stock?

Here are some recent quotes from research analysts about CNO Financial Group stock:

1. According to Zacks Investment Research, "CNO Financial's shares have outperformed the industry in last one year. The company’s investments in technological innovations impress. In addition, it is strategizing to reduce long-term care exposure via run-off of existing non-performing businesses and increasing focus on growth of other potential business lines. Strong capital management supports its long-term growth. The company’s second-quarter 2017 earnings surpassed the Zacks Consensus Estimate and grew year over year on higher revenues. However, its low market share in some product lines poses risk of limiting business opportunities going forward. Also, suspension of its share buyback plan might have affected its bottom line. Its margin is heavily affected by its high level of debt that increases the borrowing cost." (8/7/2017)

2. Wells Fargo & Company analysts commented, "We are bringing down 2018E EPS to $1.68 from $1.70 and 2019E to $1.83 from $1.85 to reflect higher assumed corporate expenses. We think the weakness in CNO shares today (down 2.82% versus down 0.12% in S&P 500 and down 0.72% in S&P 500 Life and Health Insurance Index) was mostly due to the lack of a long-term care solution announcement, and the target of “modest” organic ROE improvement over the next several years." (6/5/2017)

How do I buy CNO Financial Group stock?

Shares of CNO Financial Group can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is CNO Financial Group's stock price today?

One share of CNO Financial Group stock can currently be purchased for approximately $22.51.

MarketBeat's community ratings are surveys of what our community members think about CNO Financial Group and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.

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MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.